Omnibus Jeffrey Epstein & Ghislaine Maxwell

coldstream

on dbl secret probation
Oct 19, 2005
5,160
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Chillliwack, BC
I keep hearing rumours that Epstein's wealth was mostly smoke and mirrors, close to a Ponzi scheme. Investors who invested in his Hedge Fund and gave him power of attorney over large parts of their assets have reported that he looted those assets to support his lifestyle. His lavish properties are under murky ownership arrangements rather that clear title.

Those properties are worth over $150M, which as a rule of thumb would indicate his net worth is over a billion (ie. about 15% of his wealth in hard non income producing property), but no one is really sure who owns them or how leveraged they are. They might have been nothing but props for his 'dodge'.

Seems he's might be one of these guys, paraphrased from Citizen Kane, who are worth a billion dollars one day, and a suicide later are found to have nothing but debts, pending lawsuits and, criminal complaints in his portfolio. Not good news for all those legal vultures standing in line to scavange the 'estate'.
 
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coldstream

on dbl secret probation
Oct 19, 2005
5,160
27
48
Chillliwack, BC
However, a lot of his political friends to whom he acted as a procurer are probably breathing a sigh of relief, since a plea bargain to bring in other 'co-conspirators' in a sex trafficking ring, is no longer a threat.
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
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it does not surprise me that a billionaire can commit suicide in jail.
 

Walter

Hall of Fame Member
Jan 28, 2007
34,823
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48
However, a lot of his political friends to whom he acted as a procurer are probably breathing a sigh of relief, since a plea bargain to bring in other 'co-conspirators' in a sex trafficking ring, is no longer a threat.
Slick Willie comes to mind.
 

petros

The Central Scrutinizer
Nov 21, 2008
102,799
7,820
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Moccasin Flats
They can keep el Chapo from killing himself or buying his way out but not Epstein?

Does Guiliani Security Services have a contract at the Tombs?